Speaking at the post-policy meeting press conference on Friday, Bank of Japan (BoJ) Governor Kazuo Ueda said that the Bank “will keep adjusting the degree of easing if our economic and price outlooks are to be realized.”
The BoJ left the benchmark interest rate at 0.15%-0.25% following its September policy meeting.
Additional quotes
Japan’s economy is recovering moderately, although some weakness has been seen.
Uncertainties surrounding Japan’s economy, prices remain high.
Must pay due attention to financial, FX markets, impact on Japan’s economy, prices.
Outlook of overseas economies, including the US economy, markets remain unstable.
Markets remain unstable, when asked about deputy governor uchida’s remarks.
Will monitor economy, market trends with extremely high sense of urgency.
Important to check overseas economic trends including the US when making policy decisions.
Risks of inflation overshoot have diminished to some extent.
developing story …
Market reaction
USD/JPY is little changed following these comments. The pair was last seen trading 0.13% lower on the day at 142.48.